FY 2025/26
A proactive, organisation-wide approach to identifying, monitoring, and responding to risk.
Accountability for risk flows from the Board through the Audit & Risk Management Committee and Management to the risk owners in every department.
While artificial intelligence (AI) offers powerful tools to improve operational efficiency and customer service, it also introduces new challenges around cybersecurity, data privacy and ethical use. To safely harness these opportunities, FCJ is implementing a comprehensive Artificial Intelligence Governance Policy. This framework ensures that all AI adoption across the organisation remains secure, responsible and fully compliant with data protection and public sector standards.
FCJ has identified key risks and proactively responds to the various risks faced during the 2025/2026 financial year.
To mitigate supply chain disruptions and price volatility, FCJ prioritises locally sourced construction materials and reinforced concrete designs. For necessary imports, contractors are required to source competitively and place orders well in advance.
FCJ engineers all developments for maximum climate resilience, utilising elevated foundations, seismic-resistant structures, and advanced water harvesting systems to mitigate flood and storm risks. Construction materials are specifically selected to withstand environmental factors like high winds and saltwater corrosion.
FCJ strategically integrates renewable energy solutions, such as photovoltaic systems and wind turbines, into its structural designs to reduce client utility costs. We also incorporate comprehensive water harvesting systems and campus wells to ensure uninterrupted, sustainable access to potable water.
All FCJ developments strictly adhere to National Environment and Planning Agency (NEPA) regulations, featuring comprehensive Environmental Impact Assessments to protect cultural assets and critical local aquifers. We further strengthen our environmental stewardship through targeted waste segregation, responsible wastewater treatment, and strategic partnerships with recycling providers.
To mitigate the financial risks of large-scale development, FCJ utilises an innovative Joint Venture Agreement (JVA) model to secure expert partners and reliable financing. We further reduce construction risk by providing the land, finalised designs, and bridge financing before construction begins.
FCJ safeguards its operations by maintaining six months of expenditure reserves and utilising a structured, tiered pricing model across client sectors to optimise returns. Additionally, a dedicated Receivables Committee actively monitors collections to ensure ongoing financial health in alignment with Government of Jamaica regulations.
FCJ utilises a comprehensive Risk Register and specialised management committees to actively monitor and manage organisational vulnerabilities. These committees ensure that cross-departmental experts oversee all mission-critical operations and report directly to the Board.
FCJ protects its digital perimeter and sensitive data through rigorous cybersecurity upgrades, including multi-factor authentication, advanced firewall systems, and managed threat detection. To ensure uninterrupted service, the organisation has also invested heavily in resilient physical IT infrastructure, such as UPS backups and fire suppression systems across major campuses.
